Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.033%

Price spread now: ApeX Omni against Aster+0.060%59s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.521% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.060%, 7d avg +0.012%

Together, before fees+0.078%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.048% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	97.391	0	get 0.0000% / 4h	4m 33s	$339K	$860K	50x
Short	ApeX Omni BZUSDT	97.450	0.0100	get 0.0013% / 1h	4m 33s	$26K	$273K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: $21
Price spread: +0.060% → +0.012%: $4.83
Slippage, 4 orders: −$34.08
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.25
Costs to cover: 0.521%
Break-even: 15.7 days

Slippage from Aster: live order book, 38 min ago; ApeX Omni: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 38 min ago	2.05 bp	6.1 bp −$6	6.7 bp −$67	96.7 bp −$9,670	doesn't fit
Sell ApeX Omni live order book, 33 min ago	8.73 bp	19.8 bp −$20	189.8 bp −$1,898	doesn't fit	doesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.077%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0160%	1h	97.410	+0.019%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.091%	$237K	$402K	15x	as long as short
BloFin BZ-USDT	−0.0035%	4h	97.360	−0.032%	$1.5M	$99K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0016%	1h	97.350	−0.042%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDTlong	0.0000%	4h	97.391	long leg	$339K	$860K	50x
Binance BZUSDT	0.0000%	4h	97.346	−0.046%	$148.2M	$351.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.330	−0.063%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.310	−0.083%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.319	−0.075%	$2.4M	$1.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.300	−0.094%	$9.2M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.370	−0.022%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.402	+0.011%	$9.5M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.430	+0.040%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.400	+0.009%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.430	+0.040%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.410	+0.019%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.432	+0.042%	$224K	$229K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.40	+4.116%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.975	+0.599%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.370	−0.022%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.380	−0.012%	$743K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.367	−0.025%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.390	−0.001%	$155.5M	$115.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.433	+0.043%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0078%	1h	97.332	−0.060%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.390	−0.001%	$3.8M	$800K	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	97.450	+0.060%	$26K	$273K	50x
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.414	+0.023%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	97.440	+0.050%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.405	+0.014%	$116K	—	111x	as long as short